CIMA BA1 · Chapter 11 · Question 4 of 11
A company's monthly sales (units) are forecast using the trend equation y = 1,200 + 35x, where x is the month number. What is the trend forecast for month 24?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 2,040 units
Explanation
Substitute x = 24: y = 1,200 + 35 x 24 = 1,200 + 840 = 2,040 units.
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